Preview
In this post, we introduce an Expert Advisor (EA) specifically designed for automated trading of the Australian Dollar versus US Dollar (AUDUSD) currency pair. This EA is unique in its approach, as it does not rely on traditional indicators or the commonly used OHLC (Open, High, Low, Close) points. Instead, the development is entirely focused on the instrument’s inherent volatility and the multi-year trading patterns observed between these two currencies.
What sets this EA apart is its exclusive use of fractals—a concept in trading that identifies recurring price patterns representing potential turning points—and the volatility of the AUDUSD pair. By avoiding performance optimization, the EA ensures traders gain an unbiased view of its raw capabilities, offering transparency and fostering confidence in its adaptability to various market conditions.
The development, testing, and analysis of this EA have been conducted under consistent parameters:
- Starting capital: €1,000
- Fixed lot size: 0.01
- Position types: Long and Short
- Martingale or Hedging: No
- Maximum leverage: 1:100
- Maximum open lots: 1
We provide an in-depth overview of the EA’s features, alongside detailed performance metrics derived from rigorous testing. These insights offer traders a comprehensive understanding of the algorithm’s behavior in diverse scenarios, empowering them to make informed decisions about its integration into their trading strategies.
The final part of the post displays the status of the trading system, which can be modified when the system is disabled or replaced. Quarterly subscribers can download the EA executable file for free, ready for seamless integration into the MT4 platform, as long as the system status remains active.
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